Wall Street Transcript Interview with Robert S. Herlin, Co-Founder, President, CEO and Director of Evolution Petroleum Corporation (EPM)

Wall Street Transcript

67 WALL STREET, New York - January 15, 2013 - The Wall Street Transcript has just published its Oil & Gas: Refining, Independent and Major Integrated Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Capital Expenditures and Consolidation Activity - Refining Crude Price Differentials - Frontier Exploration and Development - Shale Drilling Capital Expenditures - Oil and Gas Price Divergence - Oil Price Expectations - LNG Global Pricing Differentials

Companies include: Evolution Petroleum Corp. (EPM)

In the following excerpt from the Oil & Gas: Refining, Independent and Major Integrated Report, the CEO of Evolution Petroleum discusses the outlook for his company for investors:

TWST: When you spoke to us a few years ago, you described what you do broadly as "bringing new life to old fields." In which geographic areas are you focusing your efforts right now? Which new areas that you haven't previously operated in are you targeting?

Mr. Herlin: Well, the latest project that we've brought on board with the company is in the Mississippi Lime play which is in north-central Oklahoma. The play itself is quite large. It covers large portions of northern Oklahoma and extends all the way through western Kansas. We are on the eastern side of that area in Kay County, which is on the east side of a geological feature called the Nemaha Ridge. Where we are, the formation is a little shallower and more oil-prone. Our outside reservoir engineer that we engaged to do our reserves as of June 30, 2012, assigned 114 gross drilling locations, 25 net to our working interest with little over 6 million barrels of oil equivalent - that is 57% oil and 43% liquids-rich natural gas. We are very excited about the play.

We've drilled three wells to date, one saltwater disposal well and our first two producing wells. We've completed the fracs on those two wells, and they are currently in the process of dewatering and depressuring, which is necessary to begin oil and gas production. So we are very excited about that opportunity as a whole, a new opportunity for the company where we can redeploy cash flow generated by our legacy asset, the Delhi field, which is starting to generate substantial cash flow.

We are able to take the cash flow from one barrel of production there and invest it in Mississippi Lime for what we think is going to be anywhere from five to seven net barrels equivalent to our interest. So it's a very good cash capital sink for us to reinvest shareholders' money and continue to add value for the shareholder.

TWST: You're utilizing a new form of fracking. Can you tell us about that?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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